In a significant step toward climate resilience, VisionFund International (VFI) and IBISA have launched ClimaCash+, an innovative parametric insurance product designed to support low-income communities facing climate-related disasters. Piloted in Kenya in 2024, ClimaCash+ aims to provide fast, simple,...

Kathmandu – Dr. Laxmi Kant Poudel has been appointed as the Chief Executive Officer (CEO) of the Insurance Institute of Nepal (IIN). The position, previously overseen by the Executive Director of the Nepal Insurance Authority, was recently opened for...

Kathmandu — In a move aimed at strengthening transparency, accountability, and informed policymaking in Nepal’s insurance landscape, the Nepal Insurance Authority (NIA) has officially commenced the monthly publication of an analytical statistical report titled ‘Beema Pratibimba’ (Insurance Reflection). The...

Kathmandu — Shikhar Insurance Company Ltd. has secured a ‘Double A Minus’ credit rating from ICRA Nepal, marking it as the strongest and most secure non-life insurance company in the country outside of government and foreign investment. According to...

Kathmandu — The Supreme Court has scheduled a hearing on the eligibility dispute surrounding Sharad Ojha, Chairman of the Nepal Insurance Authority, for 19th Jestha (June 2). A joint bench comprising Chief Justice Prakash Man Singh Raut and Justice...

Kathmandu – Insurance companies in Nepal have invested over Rs 800 billion across various sectors during the third quarter of the current fiscal year, according to the Nepal Insurance Authority. Life insurance companies have made a total investment of...

Kathmandu — Access to insurance coverage in Nepal has climbed to 44.64% of the population, according to the latest data from the Nepal Insurance Authority (NIA). Despite the progress, more than half citizens still lack insurance access. As per...

Kathmandu — As the government prepares to unveil the federal budget for fiscal year 2082/83 by Jestha 15, concerns are mounting within the insurance sector over the unresolved issue of unpaid COVID-19 insurance claims. Despite four years having passed...

Kathmandu – Adviser to the Ministry of Social Welfare and Ministry of Women and Children Affairs of Bangladesh, Ms. Sharmeen S. Murshid, delivered a compelling national statement at the inaugural edition of “Sagarmatha Sambaad,” Nepal’s permanent global dialogue forum...

Kathmandu — The Government of Nepal has appointed Dr. Biswo Nath Poudel as the new Governor of Nepal Rastra Bank. A meeting of the Council of Ministers held on Tuesday endorsed his name, making him the 18th Governor of...